Cohnreznick LLC 401(k) Review & Grade
Cohnreznick LLC 401(k) Profit Sharing Plan
Parsippany, NJProfessional, Scientific & Technical Services3,996 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,925Employer $ per active participant
$10,106Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$751.1MNet plan assets, end of year
$144,282Average balance per account
Score breakdown
- Employer generosity17.0 / 5034th percentile for employer $ per participant
- Low cost18.4 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 74th |
| Employee saving | 56th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,336 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cohnreznick put in about $1,925 per active participant, below the typical peer ($2,951). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $7,694,003 |
| Participant (employee) contributions | $40,384,009 |
| Other contributions (incl. rollovers in) | $7,864,245 |
| Administrative expenses paid from the plan | $409,991 |
| Investment advisory & management fees | $212,105 |
| Other admin expenses | $900 |
| Benefits paid out | $54,257,003 |
| Net assets, start / end of year | $640.1M / $751.1M |
| Active participants, start / end of year | 4,024 / 3,968 |
| Participants with account balances | 5,206 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PFK O'conner Davies, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $196,986 reported compensation |
| Empower Advisory Group, LLC | $112,114 reported compensation |
| Raymond James & Associates Inc | $99,991 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251114144752NAL0001553859001, received 2025-11-14, EIN 22-1478099, plan #003, plan year 2024-02-01 to 2025-01-31. Verify at efast.dol.gov.